123 Poor Farm Road
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 21, 2025 | In contract | - | |
| In contract | |||
| Apr 17, 2025 | Listed | $459,000 | |
| Listed | |||
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Evoking images of a simpler time is this classic New Englander cottage. The cottage began its journey in the 1940s in Danbury, CT. It was shipped up to Vermont by train and Oxen powered wagons. It found its forever home on the shores of Lake Champlain on the Alburgh peninsula. From that time forward, it has been a source of pure whimsy and enjoyment for all who enter. It features three bedrooms, bathroom and living room on the second floor. The first floor features a kitchen, family/dining area and laundry room/half bath. The home is enhanced by a huge lakeside deck that gives you the feeling of being right on the water. The property boasts 119' direct lake frontage with nice beach area and gradual entry to the water. This home comes completely turnkey as furniture and docks are included! It has also become a very successful Airbnb, grossing over $30k per year. While the home has modern amenities, it retains the charm of yesteryear and is waiting for new memories to be forged for generations to come! See non-public remarks.
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| Oct 28, 2022 | Sold | ||
| Sold | |||
| Aug 26, 2022 | Listed by Paul Poquette Realty Group LLC | $389,000 | |
| Listed by Paul Poquette Realty Group LLC | |||
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Evoking images of a simpler time is this classic New Englander cottage. The cottage began its journey in the 1940s in Danbury, CT. It was shipped up to Vermont by train and Oxen powered wagons. It found its forever home on the shores of Lake Champlain on the Alburgh peninsula. From that time forward, it has been a source of pure whimsy and enjoyment for all who enter. It features three bedrooms, bathroom and living room on the second floor. The first floor features a kitchen, family/dining area and laundry room/half bath. The home is enhanced by a huge lakeside deck that gives you the feeling of being right on the water. The property boasts 119' direct lake frontage with nice beach area and gradual entry to the water. While the home has modern amenities, it retains the charm of yesteryear and is waiting for new memories to be forged for generations to come! See non-public remarks.
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| Jun 23, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017